Best Fence Financing For Good & Bad Credit

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Loans to Finance Your New Fence

Fence financing provides homeowners or business owners an affordable way to repair or build a new fence. Whether you have good credit or bad credit you can qualify for fence financing. Keeping out uninvited guests or trespassers and protecting your property is important, hence why a fence is a wise investment. Fences can help protect your property while sprucing up your curb appeal. If you lack the funds to buy materials and have a fence installed, you should consider fence financing. There are a variety of options available for fence financing. Homeowners and business owners can apply and receive same-day funding. Keep reading to learn valuable information about fence financing. Expand

What is fence financing?

Fence financing can provide homeowners and business owners with a lump sum of cash that can be repaid monthly with interest. There’s a good chance you’ll decide to use a personal loan for fence financing. Personal loans are easy to understand and manage. While the terms can vary from lender to lender, the overall concept is very similar.

How does fence financing work?

If you are using a credit card or a line of credit you should have access to a maximum amount of funds. For example, if you have a spending limit of $10,000 and you spend $5,000, you should only be charged interest on $5,000. Most homeowners and business owners use personal loans for fence financing. Personal loans provide a lump sum of money that is repaid monthly over time with interest. Before committing to the personal loan you will select your preferred term offered by the lender. Personal loans can be unsecured or secured with either a fixed or variable interest rate. We recommend using an unsecured and fixed personal loan. Unsecured personal loans do not require collateral. A fixed interest rate means it will not change during the loan term. If you are using an unsecured and fixed personal loan, the monthly payment and interest rate should not change during the loan term. For example, if you borrow $10,000 at 4.99% with a 5 year term your monthly payment should be about $189. If your loan does not have an early payoff penalty you can pay the loan off early and save money on interest. Paying as little as 10% extra each month can save you hundreds of dollars in interest. No matter what kind of financing you use, you should pay close attention to the terms and make sure you understand them.

What is the easiest fence to install?

You may be looking to install a fence yourself to save some money – which should be completely doable! However, be prepared to invest a decent amount of your time and encounter some challenges along the way. For some, DIY projects are enjoyable and rewarding enough to make them worth the time and struggle. If you don’t have a lot of extra time or enjoy DIY projects you should probably invest the extra money and hire a professional. Pre-made aluminum DIY fence kits are usually the easiest to install. If you do not want an aluminum fence, you can find DIY fence kits in a variety of materials. Most DIY fence kits come with easy to understand directions that non-fence experts can follow. Vinyl picket fences may also be an easy to install option. It’s lightweight yet durable and rather easy to work with on your own. Vinyl fences can provide a more stylish touch compared to aluminum fences. In addition, vinyl fencing is available in a variety of colors and styles and requires little maintenance.

Are fences a good investment?

In most cases, yes a fence is a good investment. You typically do not hear of a fence decreasing a home’s value that is unless you install a fence that is out of place or improperly installed. In addition, if you fail to properly care for a fence it may look worn over time causing it to be an eyesore rather than a stylish touch. Fences can offer curb appeal, privacy, security, serenity, boundaries, protection, and more. While it’s hard to determine whether or not they have a good ROI, they usually do increase a home’s appraised value. Fences can drastically change the look of a home or tie together it’s exterior style. It may be cheap to install a wire fence to serve a purpose but we encourage homeowners to spend a little extra and install a fence that looks good too. If you are on a tight budget you may want to consider installing the fence on your own or using fence financing.

Does a new fence increase a home’s value?

Fences can enhance the look of your back or front yard while increasing security and privacy. Whether or not a fence is a good investment usually depends on the homeowner. While there isn’t really any data showing that fences increase home value, we believe fences have a high perceived value. Homeowners and home buyers with children or pets may need a fence. However, if a home does not have a fence, it probably will not stop them from purchasing it. Fences are fairly inexpensive and easy to install making them an easy to add option. In addition, if you use fence financing, installing a fence can be even more affordable. The types of fence you choose usually depends on the purpose and your budget. For example, if you need a fence around your pool you may be able to install a metal chain link fence to do the job. However, if you are installing a fence around the perimeter of your backyard for privacy you may want to go with a wood fence.

Can I install a fence myself?

Yes, you can install a fence on your own. For some, fences can be a fun yet challenging DIY project. But for others, installing a fence on your own may turn into a bigger headache and time investment than the savings are worth. It’s up to you whether or not you can confidently install a fence on your own. If you can, it should save you quite a bit of money. As we mentioned earlier, DIY fence kits can be a great option for people installing a fence on their own. They are usually easier to assemble than custom fences and should come with handy instructions. Before starting to build your fence, you should check to see if you’ll need a permit or not. If you are working with a contractor or professional, they should be able to help with permits. This is yet another part of the time investment of building a fence on your own. Whether you hire a professional or build a fence on your own, you can use financing. As long as your loan does not have spending restrictions, you should be able to use the funds for just about anything from materials to labor and anything in between. If you are going to build a fence on your own and finance tools and materials, you may want to start estimating the cost of your fence. Having a close to actual estimate of how much money you need to borrow can help during the loan application process.

Do fencing companies finance?

Fencing companies and contractors may offer financing options. If they do, you should see what they have to offer. Companies like PrimeRates can partner with fence companies and contractors to allow them to offer financing. Customers can apply directly at PrimeRates or apply with the contractor or fence company if they already partner with PrimeRates. PrimeRates does not change any dealer fees so you should get a low rate regardless of how you apply. If you are purchasing materials from a retailer, they may offer separate financing. In some cases, major retailers such as Lowes or Home Depot may offer promotional financing. However, if you use financing offered by the retailer it may only cover the materials. If the retailer is offering promotional financing for materials you can use a personal loan to finance the labor.

Can you get fence financing with bad credit?

You can qualify for fence financing with bad credit. One of the easiest ways to qualify for fence financing with bad credit is to apply at PrimeRates. PrimeRates has several lending partners that can help a wide variety of credit scores and borrowers. In addition, you can submit one application and reach several lenders without affecting your credit score. If you are struggling to get pre-approved for fence financing, be cautious submitting several applications to several lenders separately. This may make your credit score drop even lower. You should have a minimum credit score of 580 or higher to qualify for fence financing. If your score is lower than this, you can still try to apply as some lenders may make an exception. Borrowers with credit challenges can apply with a co-applicant at PrimeRates. This can increase your chance of approval.

How much does fence installation cost?

According to Thumbtack, the average cost of fence installation ranges between $478 to $1,684. On the high end fence installation can cost an average of $5,206 to $7,000. The cost of fence installation relies heavily on location, materials, fence size, and add-ons. If you are trying to estimate the cost of fence installation on your own you should start by taking some measurements. Next, you can price out the materials you would need. This should give you a ballpark estimate of what your project may cost. If you are going to use a professional for fence installation, you may be able to get a free estimate or estimates. Hiring a professional may cost more money but it can save you time and hassle from beginning to end.

Fencing Options

Before applying for fence financing you should know approximately how much your project will cost. Part of organizing an accurate estimate is deciding what type of fencing you want. Fencing materials can vary in price. If you are having trouble deciding what type of fencing material is best we recommend consulting a professional. Let’s compare some different fencing options. . .

Vinyl fence

Vinyl fencing can be more expensive than other options but it’s low maintenance, secure, durable, and attractive. Once your vinyl fence is installed you should not need to do much to it. Most vinyl fences do not need painting or staining and do not chip or fade over time. In addition, vinyl fencing is resistant to termites and other insects. Vinyl fences are offered in a variety of colors making it easy to match them to any home or building. Most vinyl fence materials cost about $20 to $35 per linear foot. If you have a vinyl fence professionally installed you can expect to spend about $40 to $60 per hour.

Ornamental fence

Ornamental fences complement a wide variety of architectures while beautifying properties and protecting them. Ornamental fences are sophisticated and durable. In most cases, ornamental fences are either aluminum or iron. Aluminum is more popular because it does not rust and is 100% recyclable. Both types of ornamental fences are eco-friendly. Homeowners and business owners are usually drawn to the style of ornamental fences. In addition, they are very customizable. Most ornamental fence options range between $27 to $34 per linear foot. You can also purchase pre-built ornamental gates which can range between $200 to $7,000. Gates, fencing, installation, and any required materials can be financed.

Wood fence

Wood fencing is an affordable and stylish option that can be stained or painted just about any color. However, wood fencing usually requires regular maintenance and is prone to rotting, peeling, and sagging. Wood fencing can also be susceptible to damage from moisture, termites, and insects. In most cases, you’ll need professional installation and repairs for wood fencing. If you are looking for a shorter term option to get you by, you may want to consider a wood fence. If you are looking for a long-lasting and easy to maintain fence you may want to invest the extra money and go with another option. On average lumber for wood fencing costs between $7 to $15 per foot. In most cases, labor for wood fencing is cheaper than other options such as vinyl fencing.

Chain link fence

Chain link fences provide less privacy than other options. In addition, they may not be as attractive as other options. Chain link fences are often more preferred by business owners than homeowners. In some cases, chain link fences can be a great option for homeowners, For example, if you are putting a fence around a pool you should use a chain link fence. It allows you to see through the fence while keeping children closed out. If you want an affordable and easy to maintain option and looks are not a priority a chain link fence may be a great option. Chain link fences require minimal maintenance and cost about $5 to $20 per foot for materials. Installation for chain link fences may be a little cheaper than installation for wood fences.

What are the reasons to apply for fence financing?

What types of fence financing is available?

When it comes to fence financing, you have a few options to choose from. Most borrowers prefer personal loans but you should explore various options. Perhaps another option works better for you. Regardless of which option you choose, you should do research and make an educated decision. Let’s take a look at some of the most common types of fence financing. . .

#1. Personal Loan

Personal loans can be used for just about anything. This means they can be used for fence financing, home improvement projects, repairs, landscaping, and more. Personal loans offer high loan amounts and flexible terms with affordable monthly payments. Most banks and credit unions offer personal loans but online lenders can be easier to qualify for. In addition, online lenders typically have faster application and funding processes. If you use financing offered by a contractor, you are most likely using a personal loan. PrimeRates partners with lenders that specialize in fence financing. Individuals can visit PrimeRates online and compare offers quickly without affecting credit score.

#2. Credit Card

Credit cards are a convenient option for fence financing. In some cases, individuals may be motivated to use a credit card to earn reward points or other incentives. However, compared to personal loans, credit cards have high interest rates. In addition, credit cards may not provide enough funds. Maxing out credit cards or spending more than 30% of the maximum spending limit can negatively impact your credit score. If you can pay the balance off within 30 days a credit card may not be a bad option. Alternatively, if you can afford a high monthly payment you may be able to qualify for a credit card with a 0% promotional period. Most likely, you’ll need substantial income and an excellent credit score to qualify for a high credit card loan amount with a promotional period.

What are the requirements to qualify for fence financing?

Qualifying for fence financing may be easier than you think. PrimeRates partners with lenders that can help all credit types. Whether you are confident that you qualify or not, you can apply through PrimeRates without affecting your credit score. To increase your chance of approval you can add a co-signer to your application. Ideally, the co-signer should have good credit and consistent income. Some of the minimum requirements for fence financing offered through PrimeRates includes. . .

Credit score of 620 or higher
Consistent income
Reasonable debt-to-income ratio

How to Find Best Fence Financing Deals

Finding the best fence financing deals is easy with PrimeRates. Browsing the internet and looking at advertised fence financing deals is different than receiving a fence financing deal that you actually qualify for. PrimeRates offers a free and secure platform that can save you tons of time while helping you find the best fence financing offer that you qualify for. PrimeRates can connect you to lenders based on your credit score and borrowing needs. PrimeRates makes comparing fence financing offers easy while saving you tons of time.

How to apply for a fence loan

Homeowners and business owners can apply for fence financing with most banks, credit unions, or online lenders. In some cases, contractors may offer fence financing. As we covered earlier, if you use a personal loan you can pay for materials and labor with the funds In addition, you may be able to borrow a little extra and finish landscaping projects or other home improvement projects. No matter what type of fence financing you choose you’ll want to start by submitting an application. PrimeRates can connect homeowners and business owners to top-rated lenders with competitive fence financing offers. You can submit an application online without affecting your credit score. Within minutes you can find the best fence financing deal that you qualify for. In addition, most PrimeRates lending partners do not have spending restrictions. This means the funds can be used for just about anything. Here are 3 easy steps to apply for fence financing loans through PrimeRates. . .

#1. Submit easy online application

#2. Select the best fence financing loan offer

#3. Receive funds quickly

Conclusion

In conclusion, personal loans are one of the best options for fence financing. PrimeRates partners with reliable lenders that offer personal loans up to $100,000 and rates as low as 4.99%. Personal loans can be used for fence materials, labor, and just about anything else you need. Even if you have the cash on hand, it may make more sense to use financing. Fence financing allows you to make affordable monthly payments and keep your savings account healthy and ready for an emergency.

Discover the best fence financing deals. . . apply online today!

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Fence Financing